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Dec 29, 2012
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there's a state bank in north dakota and it's been around since 1919. it came out of the populous progressive movement. >> the republican government was successful. it's provided $313 million to the state in the last ten years. it hasn't been corrupt. in fact, it weathered the financial crisis much better than the public banks. >> it produces loans t lends through small banks in the state to borrows in the state. california is considering it and oregon is considering it. >> get the governments out of banks. why is it -- >> i'm going to stipulate these small examples. it's great that they work and i'm not opposed to those self-contained ones. what i would say is i actually think one of the lessons of the 2008 fng crisis is it is actually really dangerous to have the state and politicians have a direct state in major lending institutions because then you have major moral hazards. and the politicians do, too. >> are you referring to fanny and freddie? >> a lot of the europe european state-owned bank have a huge crisis. it's the tip of the iceberg is the eu
there's a state bank in north dakota and it's been around since 1919. it came out of the populous progressive movement. >> the republican government was successful. it's provided $313 million to the state in the last ten years. it hasn't been corrupt. in fact, it weathered the financial crisis much better than the public banks. >> it produces loans t lends through small banks in the state to borrows in the state. california is considering it and oregon is considering it. >>...
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Dec 29, 2012
12/12
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north dakota has the lowest. tom: new york and california with all kinds of oil under their feet and they won't take it. >> that's right. you have groups of using the legal system, trying to up suits either prevent this from happening or tighten up regulations will bring regulation fugh to the federal level. it's a shame. as you know, these towns that have really been very -- hit very hard would do very well if we expanded this practice. tom: it would provide jobs, money, taxes and all that. laughlin from the heritage. thank you. appreciate. >> thank you for adding me. tom: well, martin class by a teacher with no class. of for wearing a mitt romney t-shirt. now this girl is taking this -- taking a stand by making her school take the stand. the court battle you will believe. ♪ >> to tell me to get out of the class. i said, no poor because in the hallway. that's like wearing a kkk shirt because she knows nothing about a. tom: she claims her teacher martyr. now our family is suing. the lawsuit is claiming the phil
north dakota has the lowest. tom: new york and california with all kinds of oil under their feet and they won't take it. >> that's right. you have groups of using the legal system, trying to up suits either prevent this from happening or tighten up regulations will bring regulation fugh to the federal level. it's a shame. as you know, these towns that have really been very -- hit very hard would do very well if we expanded this practice. tom: it would provide jobs, money, taxes and all...
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Dec 29, 2012
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. >> look at indiana, where it's also low, and-- yeah, north dakota, which by the way, steve mentioned you know, the fracking boom going up there. and i think it's below 5%, it's astonishing. >> paul: it's 3%. >> yes. >> paul: so, what about, steve, where do you think this is going? i mean, we've got, you know, the states are supposed to be laboratories are democracy and we're going to see the next two, three, four years. >> no doubt about it. >> paul: what laboratories work and what laboratories don't. >> no question about it. i think the big story in america, paul, just as i was talking about the red states getting redder, the blue states like california and new york, my home state of illinois got bluer, republicans are kind of endangered species in those states and now, you have a very sharp contrast, an almost economic vulcanization that's going on in america, states like california massive, cap and trade and more so than any other time in our lifetime, paul, you're going to see a divergent path taken by states like california that are very liberal, and states in the south and moun
. >> look at indiana, where it's also low, and-- yeah, north dakota, which by the way, steve mentioned you know, the fracking boom going up there. and i think it's below 5%, it's astonishing. >> paul: it's 3%. >> yes. >> paul: so, what about, steve, where do you think this is going? i mean, we've got, you know, the states are supposed to be laboratories are democracy and we're going to see the next two, three, four years. >> no doubt about it. >> paul: what...
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Dec 29, 2012
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. >> it is new development in the oil patch but if you look at oil production in north dakota, we simply don't have pipeline to move that oil east and west coast where we have significant amount of refining capacity. adam: what saying invest in who? the rail coanies that ship oil or the companies that actually make steel for the tracks? what do i do with my money? >> well we actually have both of them. in fact on the railroad front we have burn link ton northern owned by berkshire hathaway but other winners in this will be the union pacific, the kansas city southern. up in canada we have both the canadian pacific and canadian national who are looking to double their rail shipments of crude oil next year. adam: is this an efficient way to ship oil? there has to be cheaper way to do this? i would imagine an investor who can get in on that would make even more money? >> no doubt it is much more expensive to move oil by tanker car rather than pipeline but the fact of the matter is we're not going to build any pipelines from north dakota through the rockies over to california. nor are we goin
. >> it is new development in the oil patch but if you look at oil production in north dakota, we simply don't have pipeline to move that oil east and west coast where we have significant amount of refining capacity. adam: what saying invest in who? the rail coanies that ship oil or the companies that actually make steel for the tracks? what do i do with my money? >> well we actually have both of them. in fact on the railroad front we have burn link ton northern owned by berkshire...
SFGTV2: San Francisco Government Television
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Dec 29, 2012
12/12
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SFGTV2
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you look at van turkey, you go to china, you go to india or you go to the united states, go up to the dakotas, you go to missouri, you go to joplin, what you find is that people are more resilient than we give them credit for being. people will will come out in their community and help themselves given the opportunity. now, again, back to the politics. being a heavily kurdish region, they don't have the greatest relationship with istanbul, they don't have the greatest relationship with the turkish government. it's a completely different world. it's completely opposite. when their armed forces show up, it's not really lacked upon as a good thin. this is why i want to say thank you to our military that's here today, to the army, the navy, the military in general, the marines, the coast guard, even i saw a couple air force running around here yesterday. the fact that you are here and you are in san francisco and you do this every year, it says a lot. because we lack at -- look at this as a good week. we have a great working relationship and after being there and seeing that it's not a good relat
you look at van turkey, you go to china, you go to india or you go to the united states, go up to the dakotas, you go to missouri, you go to joplin, what you find is that people are more resilient than we give them credit for being. people will will come out in their community and help themselves given the opportunity. now, again, back to the politics. being a heavily kurdish region, they don't have the greatest relationship with istanbul, they don't have the greatest relationship with the...
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Dec 29, 2012
12/12
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i heard a rumor you're going to making your first trip to south dakota. >> of never been. >> of the cut of book festival. and that will be a center. we also have you going to florida just to keep you on the east coast for part of this. in between each stop is a chance to try to see and people in some of the detention centers. i have another question for you. i see you are wearing a rather handsome metal. would you? >> you can touch it. but it means we are dating. >> won the we have had made for our various national ambassadors the first one has continued to where his. not quite as frequently caught wearing harris. >> awkward in the shower. [laughter] >> tell me how you felt when you learned you were selected as national ambassador to iraq. >> you know, i have been looking at this for many years. i have seen the gaps. especially in the english speaking countries. and i have been very much concerned. so while i am very grateful for the opportunity to spread the word and to our read so much about literacy and all the research that has been done, it is their responsibility. it is a responsi
i heard a rumor you're going to making your first trip to south dakota. >> of never been. >> of the cut of book festival. and that will be a center. we also have you going to florida just to keep you on the east coast for part of this. in between each stop is a chance to try to see and people in some of the detention centers. i have another question for you. i see you are wearing a rather handsome metal. would you? >> you can touch it. but it means we are dating. >> won...
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Dec 29, 2012
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south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's plan? >> i'm just glad the president is engaged. you can't do big things in washington, d.c. without presidential leadership. that's what we haven't had. the fact that he is now owe table. better late than never i would argue. at least he is at the table presenting something that wl give us a chance hopefully to get some bipartisan support in the senate and perhaps get something to the house that will avert what everybody agrees is a major economic disaster. but we're still waiting for the details and obviously there is a long ways to go and this is a very -- there is going to be a tough needle to thread in order to get this done. >> see, i don't understand why the democrats think that this is an economic disaster going off the cliff since really it's just a democratic agenda. cuts to defense and higher taxes, what's not to love if you are a democrat? that's why they have been so slow to move. that's why the president is becoming concer
south dakota republican senator john thune, a member of the budget committee. so, senator, what do you make of the president's plan? >> i'm just glad the president is engaged. you can't do big things in washington, d.c. without presidential leadership. that's what we haven't had. the fact that he is now owe table. better late than never i would argue. at least he is at the table presenting something that wl give us a chance hopefully to get some bipartisan support in the senate and...
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Dec 29, 2012
12/12
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him but he won, he got more votes so john boehner said okay we will give you the 800 billion north dakota revenue but let's talk about the $2.4 trillion in cuts and he won't give us any cuts. so we do we need to sit down and talk and talk and talk. either make good on your campaign pledge and deliver the $2.4 trillion in cuts. the house said we will give you the revenue you campaigned on but we will not go along with higher taxes and more revenue and more spending if we are not going to deal with the fundamental drivers of our debt. >> greta: you said three dollars in cuts for every dollar raised in revenue. i decided to fact check you all and i did find, someone found it for me on april 13, 2011 the white house released includes this paragraph. seek a bald approach for bringing down the deficit with $3 in cuts for every one dollars in tax reform that contributes to deficit reduction. they said this is consistent with the bipartisan commission approach. yes, he did say that and, yes, we don't have that and, yes, we are approaching this deadline. >> how do you negotiate with someone who sa
him but he won, he got more votes so john boehner said okay we will give you the 800 billion north dakota revenue but let's talk about the $2.4 trillion in cuts and he won't give us any cuts. so we do we need to sit down and talk and talk and talk. either make good on your campaign pledge and deliver the $2.4 trillion in cuts. the house said we will give you the revenue you campaigned on but we will not go along with higher taxes and more revenue and more spending if we are not going to deal...